MINNESOTA CROP IMPROVEMENT ASSOC

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1903

Legal Domicile

Principal Officer

CARL ANFINSON

Phone

6126257766

Tax Period

2024-06-01 to 2025-05-31

MINNESOTA CROP IMPROVEMENT ASSOC, founded in 1903, is a community nonprofit that reported $3.2M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Net assets of $6.9M represent 26 months of operating reserves.

Mission

MINNESOTA CROP IMPROVEMENT ASSOCIATION IS AN ORGANIZATION DEDICATED TO IMPROVING THE PRODUCTIVITY, PROFITABILITY AND COMPETITIVE POSITION OF PRODUCERS, PROCESSORS AND DISTRIBUTORS OF AGRICULTURAL PRODUCTS BY PROVIDING SERVICES TO ENABLE THEM TO PROVIDE HIGH-QUALITY PRODUCTS TO MINNESOTA, THE UNITED STATES AND THE WORLD.

Program Service Accomplishments

Program 1

CERTIFICATION SERVICES - VERIFY CONFORMANCE TO STANDARDS AND ISSUE TAGS, SEALS, AND OTHER CERTIFICATION EVIDENCE FOR SEED, NOXIOUS WEED SEED FREE FORAGE AND MULCH, AND IDENTITY PRESERVED GRAIN. MCIA IS A USDA NATIONAL ORGANIC PROGRAM (NOP) ACCREDITED CERTIFYING AGENCY (ACA) IN MINNESOTA AND SURROUNDING STATES FOR PRODUCERS AND HANDLERS OF ORGANIC CROPS, LIVESTOCK, AND FOOD PRODUCTS.

Program 2

FOUNDATION SEEDS - INCREASE AND DISTRIBUTE SEED STOCKS OF IMPROVED VARIETIES OF FIELD CROPS IN COOPERATION WITH THE UNIVERSITY OF MINNESOTA TO ELIGIBLE SEED PRODUCERS. SERVE AS MARKETING AGENT FOR...

FOUNDATION SEEDS - INCREASE AND DISTRIBUTE SEED STOCKS OF IMPROVED VARIETIES OF FIELD CROPS IN COOPERATION WITH THE UNIVERSITY OF MINNESOTA TO ELIGIBLE SEED PRODUCERS. SERVE AS MARKETING AGENT FOR THE UNIVERSITY OF MINNESOTA TO LICENSE CROP VARIETIES DEVELOPED BY THE UNIVERSITY TO SEED COMPANIES.

Program 3

QUALITY ASSURANCE SERVICES - MCIA OFFERS AN ARRAY OF QUALITY ASSURANCE SERVICES TO ITS MEMBERS INCLUDING FIELD INSPECTIONS, SEED CONDITIONING FACILITY INSPECTIONS, QUALITY ASSURANCE PROGRAM...

QUALITY ASSURANCE SERVICES - MCIA OFFERS AN ARRAY OF QUALITY ASSURANCE SERVICES TO ITS MEMBERS INCLUDING FIELD INSPECTIONS, SEED CONDITIONING FACILITY INSPECTIONS, QUALITY ASSURANCE PROGRAM DEVELOPMENT, AND QUALITY MANAGEMENT AUDITS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,731,826

Investment Income $155,468

Other Revenue $267,200

TOTAL REVENUE $3,154,494

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,372,204

Fundraising Expenses $0

Other Expenses $1,060,990

TOTAL EXPENSES $3,433,194

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,154,494	$3,365,540	-0.1%
Expenses	$3,433,194	$3,048,735	+0.1%
Net Income	$-278,700	$316,805	-1.9%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$421,890

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CARL ANFINSON	INTERIM EXEC	40.00	Officer	$86,327	$12,800	$99,127
SETH DAGOBERG	INTERIM EXEC	40.00	Officer	$76,884	$17,655	$94,539
FAWAD SHAH	PRESIDENT/CE	40.00	Officer	$208,908	$19,316	$228,224
BRENT BENIKE	CHAIRMAN	3.00	Officer Director	$0	$0	$0
KELSEY HENKE	VICE CHAIRMA	1.00	Officer Director	$0	$0	$0
DUANE DAHLMAN	SECRETARY	1.00	Officer Director	$0	$0	$0
GRANT MEHRING	TREASURER	1.00	Officer Director	$0	$0	$0
RYAN ANDERSON	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL BACKMAN	DIRECTOR	1.00	Director	$0	$0	$0
ANTHONY B CORTILET	DIRECTOR	1.00	Director	$0	$0	$0
NANCY JO EHLKE	DIRECTOR	1.00	Director	$0	$0	$0
GABEL HOSETH	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN JENSEN	DIRECTOR	1.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$3,154,494	$3,433,194	$7,358,829	$-278,700
2024	$3,365,540	$3,048,735	$7,304,680	$316,805
2023	$3,114,254	$2,892,671	$6,119,241	$221,583
2022	$3,256,796	$2,767,305	$6,190,289	$489,491
2021	$2,928,096	$2,675,141	$6,114,912	$252,955
2020	$2,811,612	$2,451,078	$4,730,114	$360,534